Globe Decade History 1995 2004 Mediafire
Kym Cavrak
Another strong interest is in creative writing, and for more than a decade I happily served as the faculty sponsor of a radical underground organization called Historians Are Writers (HAW!), which brought together Cornell graduate students who believed that academic writing can be moving on a deeply human level. I also seek to support innovative history writing through a book series at Yale University Press, called New Directions in Narrative History (John Demos and I are the co-editors).
History andGrowth of the Internet from 1945 to 1995
Before getting into the numbers, let's take a look at the
fascinating history of the Internet, from 1945 to 1995, by
courtesy of the World Wide Web Consortium(W3C).
History and Growth of the Internet from 1995 tillToday
Today the Internet continues to grow day by day making
McLuhan's Global Village a reality. The following table
shows the incredibly fast evolution of the Internet from
1995 till the present time:
Twenty-five years ago, their wealth was very high compared with the average but not as high as that: it was 3,000 times higher than the average, and their share in total wealth was 3%. This represents a substantial increase in extreme wealth inequality over the period. To put this in perspective, the total wealth of the global bottom 50%, a group that is 50,000 more populous than the top 0.001%, is three times smaller. The bottom 50% experienced some growth over several decades (see above), but that growth was much more modest than among the top 0.001%. Figure 4.3b presents the evolution of the wealth of global billionaires since 1995, as a share of total household wealth.
One thing is certain: if the rates of inequality observed between wealth groups over the past several decades continues into the future, then global wealth inequality will continue to increase and will eventually reach enormous levels. Figure 4.6 presents the evolution of the top 0.1% and middle 40% wealth shares, assuming that each group grows over the coming decades at the same speed as it has done since 1995. Under this hypothetical scenario, by 2070, the global top 0.1% will capture over a fourth of global wealth. By the end of the century, it will own more than the global middle 40% (30%). Without major economic policy changes or shocks (environmental catastrophes, wars, economic crises), the future is bright for global multimillionaires.